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Commitments and contingencies (Tables)
12 Months Ended
Dec. 31, 2012
Commitments and contingencies  
Schedule of operating lease expense

 

 

 

 

Year ended December 31,

 

 

 

2012

 

2011

 

2010

 

Operating lease expense

 

$

1,515,189

 

$

1,396,122

 

$

1,243,621

 

Schedule of future minimum rental payments under noncancelable operating leases

 

 

Years ending December 31,

 

 

 

2013

 

$

1,455,730

 

2014

 

1,013,123

 

2015

 

926,702

 

2016

 

877,000

 

2017

 

 

Thereafter

 

 

Total minimum lease payments

 

$

4,272,555

 

Schedule of leased property under capital leases

 

 

 

 

December 31,

 

 

 

2012

 

2011

 

Computer hardware

 

$

882,246

 

$

1,048,575

 

Less: Accumulated depreciation

 

(257,615

)

(531,949

)

Total capital leases, net

 

$

624,631

 

$

516,626

 

Schedule of future minimum rental payment under capital leases

 

 

Years ending December 31,

 

 

 

2013

 

$

376,336

 

2014

 

260,086

 

2015

 

116,969

 

2016

 

4,843

 

2017

 

 

Thereafter

 

 

Total minimum lease payments

 

758,234

 

Less: Amounts representing taxes, included in total minimum lease payments(*)

 

 

Net minimum lease payments

 

758,234

 

Less: Amounts representing interest payments

 

(56,636

)

Present value of net minimum lease payments

 

$

701,598

 

 

*                                         Tax amounts related to capital lease payments are inconsequential.

Schedule of future minimum payments under those agreements

 

 

Years ending December 31,

 

 

 

2013

 

$

340,000

 

2014

 

300,000

 

2015

 

300,000

 

2016

 

25,000

 

2017

 

 

Thereafter

 

 

Total payments

 

$

965,000